This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A profit-maximizing, price-taking firm should cease production whenever: a. the firm is making a ... (Read 246 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
A profit-maximizing, price-taking firm should cease production whenever:
 a. the firm is making a loss.
 b. the firm is earning zero economic profit.
 c. the price is less than minimum average fixed cost.
  d. the price is less than minimum average variable cost.

Question 2

The allocations of goods and services from one group in a society to another are called:
 a. mutually voluntary exchanges.
  b. in-kind transfers.
  c. grants.
  d. economic rents.
  e. transfer earnings.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Gracias!

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Experimental evidence of the effect of allelochemicals on plant production. Experimental evidence of the effect of allelochemicals on plant production.
Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Production of prototrophs as a result of genetic recombination Production of prototrophs as a result of genetic recombination
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library